Core Viewpoint - The company has decided to suspend operations at its subsidiary, Fulei Ente (Jiaxing) New Materials Co., Ltd., due to the competitive environment in the photovoltaic industry and the subsidiary's poor sales and continuous losses [1][2]. Financial Summary - As of March 31, 2025, the total assets of the company were 3.76782 billion, accounting for 1.49% of the consolidated total, while total liabilities were 1.86709 billion, representing 3.48% of the consolidated total [4]. - For the first quarter of 2025, the company reported total revenue of 84.07 million, which is 0.46% of the consolidated total, and a net loss of 182.08 million, reflecting a decrease of 14.15% compared to the previous year [4]. Business Overview - The company specializes in the research, production, and sales of environmentally friendly materials, including coatings, insulation materials, and functional film materials, which are widely used in construction, home, and automotive sectors [4]. - The main products include disperse dyes and solar photovoltaic adhesive films, with a production capacity of 24,000 tons for disperse dyes, focusing on high wash and sunlight fastness [5]. - The subsidiary, Fulei Ente New Energy, established in January 2022, has 10 production lines with a monthly capacity of approximately 4 million square meters for adhesive films, generating revenue of 28.0988 million and a net loss of 14.5726 million in the first three quarters of 2024 [6].